Leggett & Platt, Incorporated (NYSE:LEG) Shares Acquired by American Century Companies Inc.

American Century Companies Inc. lifted its stake in shares of Leggett & Platt, Incorporated (NYSE:LEG - Free Report) by 50.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 138,972 shares of the company's stock after acquiring an additional 46,499 shares during the quarter. American Century Companies Inc. owned approximately 0.10% of Leggett & Platt worth $1,334,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. FMR LLC increased its position in Leggett & Platt by 3,264.5% during the 3rd quarter. FMR LLC now owns 692,884 shares of the company's stock valued at $9,437,000 after buying an additional 672,290 shares in the last quarter. Captrust Financial Advisors purchased a new position in shares of Leggett & Platt in the 3rd quarter valued at approximately $144,000. Quantinno Capital Management LP boosted its stake in Leggett & Platt by 68.4% in the 3rd quarter. Quantinno Capital Management LP now owns 105,754 shares of the company's stock worth $1,440,000 after purchasing an additional 42,939 shares in the last quarter. Stifel Financial Corp increased its stake in Leggett & Platt by 3.9% during the 3rd quarter. Stifel Financial Corp now owns 84,996 shares of the company's stock valued at $1,158,000 after purchasing an additional 3,202 shares in the last quarter. Finally, State Street Corp increased its position in shares of Leggett & Platt by 0.6% in the 3rd quarter. State Street Corp now owns 4,437,066 shares of the company's stock valued at $60,657,000 after acquiring an additional 27,693 shares during the period. Institutional investors own 64.23% of the company's stock.

Analyst Ratings Changes

A number of research firms have weighed in on LEG. Truist Financial reduced their price objective on Leggett & Platt from $13.00 to $11.00 and set a "hold" rating for the company in a research note on Wednesday, January 29th. The Goldman Sachs Group lowered their price target on shares of Leggett & Platt from $14.00 to $12.00 and set a "neutral" rating on the stock in a report on Tuesday, January 14th. Finally, Piper Sandler reiterated a "neutral" rating and issued a $9.00 price objective (down previously from $12.00) on shares of Leggett & Platt in a research report on Friday.

Leggett & Platt Price Performance

LEG traded down $0.05 during midday trading on Tuesday, hitting $6.78. 147,886 shares of the company traded hands, compared to its average volume of 2,478,459. The company has a market capitalization of $912.82 million, a price-to-earnings ratio of -1.82 and a beta of 0.98. The business has a 50 day simple moving average of $8.56 and a two-hundred day simple moving average of $10.48. The company has a current ratio of 2.00, a quick ratio of 1.14 and a debt-to-equity ratio of 2.70. Leggett & Platt, Incorporated has a 52-week low of $6.54 and a 52-week high of $18.49.

Leggett & Platt (NYSE:LEG - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.21 EPS for the quarter, hitting the consensus estimate of $0.21. The company had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.03 billion. Leggett & Platt had a positive return on equity of 17.09% and a negative net margin of 11.67%. On average, equities analysts forecast that Leggett & Platt, Incorporated will post 1.14 earnings per share for the current fiscal year.

Leggett & Platt Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Friday, March 14th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 2.95%. The ex-dividend date is Friday, March 14th. Leggett & Platt's dividend payout ratio is currently -5.36%.

Leggett & Platt Profile

Leggett & Platt, Inc engages in the manufacture and distribution of furniture and engineered components and products among homes, offices, automobiles, and commercial aircraft. It operates through the following segments: Bedding Products, Specialized Products, and Furniture, Flooring & Textile Products.